The Bond Market Just Sounded The Alarm on US Default Risks, And a ‘Cataclysmic’ Debt Ceiling Crisis Could Hit Next Month

• The Bond Market Just Sounded The Alarm on US Default Risks, And a ‘Cataclysmic’ Debt Ceiling Crisis Could Hit Next Month
  by fdemott@insider.com (Filip De Mott), Markets Insider, via www.msn.com
  * Three-month Treasury bills saw their highest yield since 2001, as debt ceiling concerns grow.
  * The Treasurys would mature around when the US government would run out of money.
  * The warning came as House Speaker Kevin McCarthy asked Wall Street to “don’t sit back — join us.”
  –
  The bond market sounded the alarm on US default risks as the deadline for reaching a deal on lifting the debt ceiling may come sooner than expected. On Monday, the US sold $57 billion in three-month Treasury bills — which would mature around when the government could run out of money — at a yield of 5.1%, the highest since January 2001. That comes a week after a similar auction of three-month bills also saw lackluster demand.
  –
  read more.

end